Lloyds Banking Group Announces Reduction of 121 Roles
Lloyds Banking Group today announced a series of role reductions across three of its business areas:
- Group Risk: 38 roles will be removed across Risk Platforms, Risk Science, and IP&I Risk, with two new roles created.
- Insurance, Pensions & Investments (IP&I): 73 roles will be removed from areas including the Chief Investment Office, General Insurance, Chief Operating Office (Data), Chief Controls Office & Portfolio, Planning & Performance, Chief Customer & Distribution Office (Digital Waterfront), and Protection. A total of 24 new roles will be available.
- Group Chief Operating Office: The closure of the Copley and Pudsey data centres will place 10 colleagues at immediate risk of redundancy.
In total, this amounts to a reduction of 121 roles, with 26 new roles being created across the affected areas.
Impacted colleagues have already been briefed by their line managers.
Supporting members
Accord remains committed to minimising compulsory redundancies and ensuring that those who leave receive their full heritage redundancy compensation entitlements. We have reached out to all affected Accord members to offer support and guidance during this challenging transition, and we will be by their side at each stage of the process.
For any queries, please contact Jim Fielding at [email protected]
